Sunnyvale, Calif. – Kontiki, a provider of Web video distribution
services for businesses, announced on Wednesday that it has raised $10.7
million in a second round of funding.
MK Capital led the investment round; New
World Ventures and Cross Creek Capital also participated.
Sunnyvale,
Calif.-based Kontiki offers a peer-to-peer technology-based content delivery
network that companies can use to deliver live and on-demand video.
The company
will use the funds for additional product development, as well as for sales and
marketing initiatives.
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